The post South Korea to track North Korea’s Weapons Financing with Crypto! appeared first on Coinpedia Fintech News
South Korea is set to introduce new legislation aimed at tracking and freezing cryptocurrencies used by North Korea for its illegal weapons program. The bill comes as the North Korean regime has been accused of stealing more than $3 billion in cryptocurrency over the past five years. The move is part of broader efforts to strengthen existing sanctions against the regime and curb its ability to fund its weapons program through digital assets. The proposed legislation would also require digital asset exchanges in South Korea to report any suspicious cryptocurrency transactions related to North Korea.
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